Major property tax increase across north carolina

[Primemuscle]

Didn’t calculate it but a hell of a lot more than here

Californians passed proposition 13 in 1978 which greatly restricts property tax increases.

Proposition 13 required that properties be taxed at no more than 1 percent of their full cash value shown on the 1975-1976 assessment rolls and limited annual increases of assessed (taxable) value to the inflation rate or 2 percent, whichever was less. When a property is sold or transferred to new owners, however, the property is reassessed at 1 percent of its full cash value and the limit on increases to assessed value resets.

Oregonians passed Measure 5 in 1990, which is much less restrictive than California's limitation. More important is the total tax burden in a state, county or city. This takes all taxes into consideration. California's tax burden ranks 10th, Oregon ranks 28th and New York ranks 1st. Meaning they have the highest total tax burden. Alaska's pay the least in taxes of all the states.

[myt1]

I love California and I couldn’t imagine living anywhere else but the beach. I was Born and raised here but even the wealthiest are leaving (I’m by no means wealthy) because the costs are becoming damn near astronomical. My wife is from Guam but most of her family live between Guam, Lexington and N. Carolina. We have been seriously considering moving to Guam with Kentucky being our second choice. The only thing that’s really keeping us is that we moved my mother closer to us and with her being 80, it would be difficult

Gotta take care of your Mom, so I can respect and understand that.

I don't know much about Kentucky, but the company I used to work for merged with a larger one, and then was eventually fully bought out by them.  One of the main guys they brought in was from Louisville, KY and as often occurs, he brought a few of his pals with him.  

They all said that is was very comparable to where we're at. So much so, that they refused to move like they promised when offered the position by arguing that they could fly back and forth, and work remotely without uprooting their family to a place that was pretty much the same, but without the annoying accents.  Eventually that led to their demise.

The point is that they all spoke highly of that city, and that is was very similar regarding lifestyle, cost of goods, groceries, entertainment, and home costs (which I gave you an example of earlier).  Also, there a lot of high paying banking and payment processing industry jobs around that area....so while you likely wouldn't be able to charge what you do in Cali, you'd have plenty of clients with cash to spend, and still be close to some major schools and Indianapolis for pro athletes too.....plus the Combine is there as you well know.  If that's you're second choice anyway, and you want to keep prospering from what you currently do, I'd suggest looking into it more as it would likely bump KY to your 1st choice.

If the time comes you decide you're done with Cali, I hope that is somewhat helpful to you.

[Primemuscle]

Property taxes globally are an issue, I no longer see property as a good investment going forward due to it being such an easy target for tax, the historical typical growth in property values going forward will be non existent or greatly reduced due to property taxes other related ongoing ownership costs along with low wage growth in western economies. Like every other vehicle for wealth over the last 30 years, the great american dream is dying or in the very least being restricted to less people every year.

There are many ways to skin a cat. States that instituted property tax limitations make up the difference by razing fees and fines. As long as there is a shortage of housing, property investments will be okay. What's the alternative? You have to live somewhere. In most cases, you might as well own as apposed to renting. Renters pay all the same costs as do homeowners and at the end of the day a renter walks away with nothing while in most circumstances the homeowner gets at least a full return on their investment anything above that is profit.

Even if one's wages stagnate, their housing costs, specially when they rent, continue to increase. The great American dream still exists. Although, it is maybe harder to achieve.

The irony in taxation is that people demand more and more services, infrastructures, security and benefits from government, but they cry like babies when the tax bill comes to pay for them. For example, supposedly many Americans want to see major increases in security (a wall) at the border between the U.S. and Mexico. This comes at an enormous cost. So much so, that we are willing to greatly increase the national debt to accomplish this. And trust me, when the bill/tax collector comes to us for payment, we'll blame anyone and everyone but ourselves.  

[Primemuscle]

one winner is 'the city' , property owners are the losers..as well as the renters

When you drive or take public transportation on a paved road, across a bridge and/or on a well lit freeway to work, you are the winner, not the city.

[Primemuscle]

I agree and usually rent is being paid or subsidised through tax relief or welfare in a lot of cases, starting to be two types of people in this world those who work, try and get ahead and pay taxes and those who receive them and the latter is growing faster forcing up taxes on the first group.  Governments answer to overpopulation, make the hardworking people pay. Thats why the democrats have the house they represent the second group, bleeding hearts and welfare recipients.

It is as if you don't realize that we are the government, in that we as voters pass laws and elect representatives to carry out our demands. Granted they may not be your choices, but majority rules. There's no opting out just because you don't agree with the majority.

[IroNat]

Property taxes generally consist primarily of school taxes.

[Primemuscle]

I realized after posting that was a bit too personal anyway.

I am curious to know..... if you're fine with saying, what size sq. footage are you paying that much tax on? 

You bring up an excellent point. Many people exceed their actual housing needs. While family size is shrinking, house sizes and amenities are ever increasing. Although my home is multi-generational, the accommodations are much greater than our requirements. We are four people, living in a high-end home that's nearly 3,000 sq. ft. situated on a 10,000 sq. ft. corner lot in an upscale neighborhood with lots of amenities, including one of the two best school districts in Oregon. It's ludicrous for me to complain about my property tax bill.  

[Primemuscle]

A little under 2400sqft. It’s expensive because we’re on a beach.

Beach front or even an ocean view significantly raises a property's value. Which beach town are you in? From what I've seen anyplace on the California coast is very expensive. 2,400 sq. ft. is a large house. I've seen where 1,000 sq ft. dumps go for upwards of $1,000,000 in Southern California. The closer to the coast the greater the price. The median home value in Laguna Beach is $2,139,400. Home Prices in Santa Monica: average over the last month $1.1M, Sale Price -35.3% since last year; $850 $/Sq. Ft. down -8.8% since last year.

Honestly, I had no idea you were this solvent.

[Primemuscle]

Gotta take care of your Mom, so I can respect and understand that.

I don't know much about Kentucky, but the company I used to work for merged with a larger one, and then was eventually fully bought out by them.  One of the main guys they brought in was from Louisville, KY and as often occurs, he brought a few of his pals with him.  

They all said that is was very comparable to where we're at. So much so, that they refused to move like they promised when offered the position by arguing that they could fly back and forth, and work remotely without uprooting their family to a place that was pretty much the same, but without the annoying accents.  Eventually that led to their demise.

The point is that they all spoke highly of that city, and that is was very similar regarding lifestyle, cost of goods, groceries, entertainment, and home costs (which I gave you an example of earlier).  Also, there a lot of high paying banking and payment processing industry jobs around that area....so while you likely wouldn't be able to charge what you do in Cali, you'd have plenty of clients with cash to spend, and still be close to some major schools and Indianapolis for pro athletes too.....plus the Combine is there as you well know.  If that's you're second choice anyway, and you want to keep prospering from what you currently do, I'd suggest looking into it more as it would likely bump KY to your 1st choice.

If the time comes you decide you're done with Cali, I hope that is somewhat helpful to you.

If you like living near the ocean, there are less expensive places to do this than California, Georgia, North and South Carolina or Florida for example. An added financial benefit with Florida is lower taxes. It ranks 47th, which makes it the 3rd lowest in the country. One reason for this rating is that there is no state income tax in Florida. also, there is a fitness and bodybuilding culture there which should be good for your business. 

[Primemuscle]

Property taxes generally consist primarily of school taxes.

That's certainly true where I live. West Linn voters consistently approve additional school tax levies.

[myt1]

You bring up an excellent point. Many people exceed their actual housing needs. While family size is shrinking, house sizes and amenities are ever increasing. Although my home is multi-generational, the accommodations are much greater than our requirements. We are four people, living in a high-end home that's nearly 3,000 sq. ft. situated on a 10,000 sq. ft. corner lot in an upscale neighborhood with lots of amenities, including one of the two best school districts in Oregon. It's ludicrous for me to complain about my property tax bill.  

You actually completely missed my point.....however, you went on to make a good additional point so I will just leave it at that.

Petshopboys, can I start using your "Woooooossshhhhh" trademark when it's necessary during my conversations with Prime?  It would be an easier way for me to let him know something went right over his head vs. actually explaining.

If you like living near the ocean, there are less expensive places to do this than California, Georgia, North and South Carolina or Florida for example. An added financial benefit with Florida is lower taxes. It ranks 47th, which makes it the 3rd lowest in the country. One reason for this rating is that there is no state income tax in Florida. also, there is a fitness and bodybuilding culture there which should be good for your business. 

That's another good point Prime, but you're taking away the fact that he has already narrowed it down to 2 options, and only one of those is in the U.S.   That option does not include any of the states you mentioned, so I don't understand why you even brought them up.  Besides, he's a professional trainer for a living.  One who seems to not only now what he's doing, but the industry as a whole, and has been successful with it as a result.  Florida needs more trainers about as much as the U.S. needs more $171,000/year Liberal Arts graduates with a major in Archaeology (aka - Unicorns)  ....see trade school thread!  HTH

[Primemuscle]

You actually completely missed my point.....however, you went on to make a good additional point so I will just leave it at that.

Petshopboys, can I start using your "Woooooossshhhhh" trademark when it's necessary during my conversations with Prime?  It would be an easier way for me to let him know something went right over his head vs. actually explaining.

That's another good point Prime, but you're taking away the fact that he has already narrowed it down to 2 options, and only one of those is in the U.S.   That option does not include any of the states you mentioned, so I don't understand why you even brought them up.  Besides, he's a professional trainer for a living.  One who seems to not only now what he's doing, but the industry as a whole, and has been successful with it as a result.  Florida needs more trainers about as much as the U.S. needs more $171,000/year Liberal Arts graduates with a major in Archaeology (aka - Unicorns)  ....see trade school thread!  HTH

Perhaps I missed your point because I chimed in on a conversation you were having with someone else. That Coach narrowed his choices down to two, doesn't mean I can't suggest others.

[Coach is Back!]

Perhaps I missed your point because I chimed in on a conversation you were having with someone else. That Coach narrowed his choices down to two, doesn't mean I can't suggest others.

We did narrow it to two but are open to other places. We picked Guam and Kentucky because that’s where most of her family is but have also looked in the Vegas area at Summerlin.

[Coach is Back!]

You actually completely missed my point.....however, you went on to make a good additional point so I will just leave it at that.

Petshopboys, can I start using your "Woooooossshhhhh" trademark when it's necessary during my conversations with Prime?  It would be an easier way for me to let him know something went right over his head vs. actually explaining.

That's another good point Prime, but you're taking away the fact that he has already narrowed it down to 2 options, and only one of those is in the U.S.   That option does not include any of the states you mentioned, so I don't understand why you even brought them up.  Besides, he's a professional trainer for a living.  One who seems to not only now what he's doing, but the industry as a whole, and has been successful with it as a result.  Florida needs more trainers about as much as the U.S. needs more $171,000/year Liberal Arts graduates with a major in Archaeology (aka - Unicorns)  ....see trade school thread!  HTH

Since we don’t have our facility anymore I don’t do any face to face training. With the exception of my fighters everything we do is online. I have no desire to reopen another facility

[AbrahamG]

Could be worse, I'm paying over $24K and Newsom wants to raise it. Now you know why people are fleeing this shit ran state.

Wonder how Don Jr. likes the taste of Newsom's cock?

[Coach is Back!]

Wonder how Don Jr. likes the taste of Newsom's cock?

Doesn’t matter. She’s much smarter x100 fold

[AbrahamG]

Doesn’t matter. She’s much smarter x100 fold

Agreed.  Don Jr. is a complete and utter moron.

[Primemuscle]

We did narrow it to two but are open to other places. We picked Guam and Kentucky because that’s where most of her family is but have also looked in the Vegas area at Summerlin.

Being near family can be either good or bad depending on how everyone gets along. One of the reasons my wife and I moved to Oregon was to start our married life away from our parents. Although we loved them and they us, the relationships were toxic. We even moved back to Southern California once because we missed them. Less than a year later, we returned to Portland when we realized nothing had changed and once again, our parents were dominating our lives.

Guam looks very interesting. Based on photos I've seen, the beaches are beautiful. Are there any downsides to living there?

[AbrahamG]

Wonder how this is affecting Casa de Goodrum?